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Creative Kids (Learning Care Group) 2575 S Fort Apache Rd 11,667 SF Retail Building Las Vegas, NV 89117 $3,830,214 CAD ($328.29 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Absolute Triple-Net (NNN) Lease with Eight Years Remaining on Lease Term
- 8% Rental Increase Occurring in Each of Two, 5-Year Renewal Options
- Easily Accessible Location at the Corner of S Fort Apache Road and W Sahara Ave (±66,000 Combined Cars per Day)
- Corporate Guaranty by Learning Care Group, One of the Largest Providers of Early Childhood Care in the U.S. with More Than 1,150 Schools Across 11 Bra
- 387,241 Residents within 5 Miles - Growing Las Vegas Trade Area
- Average Household Income Exceeds $116,000 in the Surrounding Area
Executive Summary
Creative Kids Learning Centers provide quality child care and early learning experiences with programs for children of all ages – from infants up to school-age students. Creative Kids is accredited by NECPA (National Early Childhood Program Accreditation), having met more than 250 high-quality indicators in areas such as curriculum, student progress, and health and safety.
The Las Vegas-Henderson-Paradise MSA is one the fastest-growing metros in the nation, with a population of more than 2.3 million. Over the next five years, the metro’s population is expected to grow by 6 percent. Known as The Entertainment Capital of the World, Las Vegas is an internationally renowned major resort city, regarded for its gambling, shopping, fine dining, entertainment, and nightlife. It is a top three destination in the United States for business conventions and a global leader in the hospitality industry, claiming more AAA Five Diamond hotels than any other city in the world.
The Las Vegas-Henderson-Paradise MSA is one the fastest-growing metros in the nation, with a population of more than 2.3 million. Over the next five years, the metro’s population is expected to grow by 6 percent. Known as The Entertainment Capital of the World, Las Vegas is an internationally renowned major resort city, regarded for its gambling, shopping, fine dining, entertainment, and nightlife. It is a top three destination in the United States for business conventions and a global leader in the hospitality industry, claiming more AAA Five Diamond hotels than any other city in the world.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
11,667 SF
Building Class
C
Year Built
1994
Price
$3,830,214 CAD
Price Per SF
$328.29 CAD
Cap Rate
6.50%
NOI
$248,964 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.21 AC
Zoning
C-1
Parking
18 Spaces (1.54 Spaces per 1,000 SF Leased)
Frontage
189’ on Fort Apache Rd
Amenities
- Bus Line
- Pylon Sign
- Signage
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 163-07-501-008 | Improvements Assessment | $672,600 CAD |
| Land Assessment | $504,438 CAD | Total Assessment | $1,177,038 CAD |
Property Taxes
Parcel Number
163-07-501-008
Land Assessment
$504,438 CAD
Improvements Assessment
$672,600 CAD
Total Assessment
$1,177,038 CAD
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Creative Kids (Learning Care Group) | 2575 S Fort Apache Rd
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